Tag: Fossil fuel companies
“It’s basically a giveaway to industry of millions of acres of the Gulf of Mexico so they can lock in production for years, at a time when we need to be shifting away from fossil fuel development.”
The oil and gas industry is looking to capitalize off an increasingly-popular socially responsible investing wave that emphasizes the environment.
Fossil fuel companies, experts say, “cannot be relied upon to decarbonize at the speed and scale needed” to tackle rising global emissions.
“I would imagine the oil companies will seek en banc [full court] review in the Ninth Circuit. If that fails they'll petition … the Supreme Court.”